The following information applies to the questions displayed below At the beginning of July, CD City has a balance in inventory of $2.700. The following t July 3 Purchase CDs on account from Wholesale Music for $1,600, terms 1/10, n/30. July 4 Pay cash for freight charges related to the July 3 purchase from Wholesele Music, $120. July 9 Return incorrectly ordered CDs to Wholesale Music and receive credit, $400 July 11 Pay Wholesale Music in full. July 12 Sell CDs to customers on account, $4,400, that had a cost of $2,300. July 15 Receive full payment from customers related to the sale on July 12. July 18 Purchase CDs on account from Music Supply for $2,400, terms 1/10, n/30. July 22 Sell CDs to customers for cash, $3,500, that had a cost of $1,800. July 28 Return CDs to Music Supply and receive credit of $160 July 30 Pay Music Supply in full. ansactions occur during the month of July. value .10.00 points